[boffinism]

Right, but now imagine you weren't one of the people who had someone knowledgeable and sceptical pointing out the flaws. Imagine all you ever came across was crypto bros and people who believed, repeated and amplified their bullshit. Imagine the received wisdom all around you, from your family, peers, role models, was: this is the thing to do.

Yeah, a bunch of people ignored you and ostracised you. But not everyone. Not most people. Most people never even got the chance to ignore you.

[randrews]

I have a hard time believing that anyone actually falls in that category. No living grandparents who remember the great depression? No memories of 2008? And even if they were in a total vacuum, why wouldn't it occur to them, as it did me, to ask "what makes the line go up?"

If people put X USD into buying Bitcoin, and then can sell that Bitcoin for Y USD, and Y is greater than X, then the extra money has to come from somewhere. Where? Without knowing that answer, even before I knew the first thing about blockchain or crypto, I was unwilling to buy any.

I don't care who in your life was lying to you or pressuring you to invest, anyone who got suckered in without asking that basic question should have done more due diligence.